383 Indian Rd Grand Junction, CO 81501-3816
Exceptional investment opportunity in Grand Junction, Colorado. This 3,481 square foot flex space boasts a 5.49% cap rate and a strong net operating income of $32,922. The property, located at 383 Indian Road, sits on a 0.27-acre lot and features a versatile layout including 2,700 square feet of warehouse space, 300 square feet of office space, and a 481 square foot mezzanine. Amenities include two bathrooms, a washer room, two 14-foot overhead doors, central air conditioning and forced-air heating, pole signage, a fenced side yard, and five parking spaces (one ADA compliant). Currently vacant, this single-story, 2005-built building is zoned I-1, allowing for a wide range of uses, including assembly, vocational/trade schools, medical/dental clinics, animal hospitals, breweries/distilleries, food service, office, retail, vehicle repair, industrial manufacturing, storage, and more. The property is offered at $600,000 as an absolute NNN lease investment. Seller financing and down payment assistance are available. The APN is 2945-241-00-016. This is a rare opportunity to acquire a well-located, versatile industrial property with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Grand Junction, COGrand Junction. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.